HDF sprints the IPO of the North Stock Exchange into the stage of guidance and acceptance

Recently, the HDF coaching status has been updated to coaching acceptance. According to the Motion on the Company's Application for Public Offering of Shares to Non-specified Qualified Investors and Listing on the Beijing Stock Exchange reviewed and approved by the Board of Directors of HDF, HDF intends to issue no more than 25.53 million shares to non-specified qualified investors (the number of shares issued will not exceed 29.36 million shares if the over-allotment option is fully exercised).

The base price of the issue is 50.00 yuan/share, and the funds raised are intended to be used for the comprehensive utilization of industrial by-product salt resources and the production of 2,000 tons of Lithium Hexafluorophosphate projects, research and development center construction projects and supplementary working capital.

HDF is located in Jian 'an District, Xuchang City, mainly through the sale of Glyphosate technicals and formulations, fine chemical products and other profits. In the year 2021 and 2022, the audited net profit attributable to the shareholders of listed companies (calculated on the basis of the lower before and after deducting non-recurring profit and loss) is 340.2951 million yuan and 735.2723 million yuan respectively. The weighted average return on equity (calculated as the lower of the net profit attributable to the shareholders of the parent company before and after deducting non-recurring gains and losses) was 62.54% and 79.72%, respectively, which met the financial conditions for listing on the Beijing Stock Exchange as stipulated in Article 2.1.3 of the Listing Rules.